VW to use profits from CO2-heavy SUVs to fund e-mobility

Germany’s largest carmaker, VW, plans to release several new model heavy SUVs, bringing the share of the CO2-intense cars up to 40 percent of total sales, Nikolaus Doll reports for Die Welt. In light of stricter EU emissions limits from 2020, this strategy may seem “absurd”, Doll writes. But brand manager Herbert Diess argues sales of the high-demand vehicles will allow VW to invest over 34 billion euros in “future technologies” – mainly the development e-cars. Diess called the SUVs “our growth and profitability engine” that will generate the funds needed to “finance the transition to e-mobility”.

Read the article in German here.

See the CLEW factsheet Dieselgate forces VW to embrace green mobility and CLEW’s Dieselgate timeline for background.